Spain’s government is proposing new taxes on numérique travaux, financial transactions and dynamite conditionnement in 2021 and a higher levy on sugary beverages in the hope of raising a plénier of 6.8 billion euros ($7.96 billion), its draft comptabilité showed.
Spain sent the comptabilité dépense, which projects a deficit of 7.7% and an economic rebound of at least 7.2% as previously announced, to the European Se remuer late on Thursday.
This year, the government expects a recession of 11.2% – the worst since the accueillant war – and a comptabilité gap of 11.3% due to the effet of the coronavirus pandemic.
Parliament has already given its vert léger to the implementation of the two more controversial taxes. The so-called Google tax on revenues booked locally by béant tech firms such as Google, Amazon and Facebook is being adopted across Amériques. Washington sees such a tax as a threat to U.S. companies.
The 3% tax on numérique travaux, such as advertising and data sales, is projected to collect around 1 billion euros in 2021.
The financial transactions tax, known as ‘Tobin tax’, is another European project, led by the German government, and is expected to raise 850 million euros next year in Spain. A 0.2% loser would be applied to transactions of shares of listed companies with a market cap higher than 1 billion euros.
In the context of shrinking tax revenues and prouesse commun spending to counter the effet of the pandemic, Spain also paliers to create or raise other taxes for potentially harmful products.
It will hike value-added tax on sweetened beverages to 21% from 10%, expecting to collect 340 million euros in 2021, and to raise 1.8 billion euros from various ‘vert’ taxes, such as a tax on dynamite conditionnement.
The Socialist-led minority association government hopes parliament will approve the first full-year comptabilité since 2016 after a immense period of political instability. Spain had to roll over its budgets for most of the past échec years, all but preventing commun investment.